Lattice Semiconductor Corp. (LSCC) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS
Lattice Semiconductor Corp. (NASDAQ:LSCC) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.02, Stock Ratings Network reports. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $81.05 million.
On a related note, analysts at Jefferies Group raised their price target on shares of Lattice Semiconductor Corp. from $5.50 to $6.50 in a research note to investors on Friday, January 10th.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded up 6.45% during mid-day trading on Thursday, hitting $5.94. The stock had a trading volume of 4,856,984 shares. Lattice Semiconductor Corp. has a 1-year low of $4.17 and a 1-year high of $6.07. The stock’s 50-day moving average is $5.61 and its 200-day moving average is $5.16. The company has a market cap of $691.1 million and a price-to-earnings ratio of 78.59.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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